Wednesday, March 23, 2011

Barnes & Noble may go without buyer due to bleak Nook future

Barnes & Noble may go without buyer due to bleak Nook future - Barnes & Noble may be close to giving up on looking for a buyer in a matter of weeks, five sources said Wednesday. Seven companies, including "strategic bidders" and private equity firms, have reportedly backed off after a recent round of bidding. Some of the unnamed companies told Bloomberg they backed off based on poor prospects for the Nook; they learned that it would take a long time to generate e-book cash and were jittery about competition with the iPad, Kindle, and Google Books ...

(Via MacNN | The Macintosh News Network.)

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